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Gold price falls amid Covid worries worldwide
The price of gold in Thailand dropped by THB100 per baht weight in morning trade on Wednesday.
AGold Traders Association report at 9.33am showed the buying price of a gold bar at THB28,000 per baht weight and selling price at THB28,100, while gold ornaments cost THB27,500.24 and THB28,600, respectively.
At close on Tuesday, the buying price of a gold bar was THB28,100 per baht weight and selling price THB28,200, while gold ornaments cost THB27,591.20 and THB28,700, respectively.
The spot gold price on Wednesday was US$1,807 (THB59,373) per ounce after Comex gold on Tuesday dropped by $2.20 to $1,811.40 per ounce due to a rise in the US bond yield.
The price had fallen despite mass buy-ups of safe-haven assets on worries over outbreaks of the Covid-19 Delta variant worldwide.
The Hong Kong gold price meanwhile dropped by HK$40 to $16,760 (THB70,854) per tael, the Chinese Gold and Silver Exchange Society reported.
Published : July 21, 2021
By : The Nation